PROJECT

Projects

Summary of Investment Information

Project Number

44813

Company Name

SC PROFI ROM FOOD SRL

Date SPI Disclosed

Mar 30, 2021

Country

Romania

Region

Europe

Projected Board Date

Apr 29, 2021

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Mar 28, 2025

Department

Regional Industry MAS LAC & EUR

Industry

Tourism, Retail and Property

Previous Events

Approved : Apr 29, 2021
Signed : Jun 25, 2021
Invested : Jun 23, 2023

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

     The proposed IFC investment is an A loan of up to Euros 50 million (the IFC Loan) (or an equivalent amount in Romanian leu) to Profi Rom Food S.R.L. ('Profi' or 'the Company'), the largest food retailer in Romania based on the number of stores and the third largest based on revenue, owned by Mid Europa Partners ('MEP' or 'the Sponsor'), a private equity firm focused on Central and Eastern Europe. The financing would allow the Company to (i) further expand its reach in the country by opening new stores; and (ii) refinance its existing debt. The investment will address some of the country's developmental challenges by increasing access to quality and affordable goods across the country and providing better access to modern retail in rural areas of Romania.                                              

Associated Advisory Engagement

      To be discussed                                             

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation